SALT LAKE CITY, Feb. 17, 2021 /PRNewswire/ -- CleanSpark,
Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a diversified
software and services company, today announced the launch of mVoult
(mvoult.com) for home microgrids. mVoult is a standalone energy
management controller that is capable of directing the operations
of both existing and new energy assets. mVoult will be offered as a
smart controller and mobile app specifically designed for
residential applications. The Company also plans to launch a fully
integrated mVoult branded battery energy storage and controls
solution. The home power solution will enable the selection of
optional add-ons such as solar integration or back-up generators.
The systems are expected to continue to support the Company's
energy and vendor agnostic solutions. CleanSpark's residential
microgrids will be capable of integrating into new or existing
energy management assets or systems.
Residential microgrids added to CleanSpark's suite of energy
solutions.
CleanSpark's smart controls technology has been used in
commercial applications, as well as mission-critical military
deployments for a number of years, and the Company has identified a
growing need for a product like mVoult in the residential market.
There has been a significant increase in demand from homeowners,
especially in California, to add
solar and storage solutions to provide backup power due to
blackouts or utility outages due to wildfire risks and high
electricity usage rates during heat waves. A home microgrid with a
smart controller can provide significant flexibility in managing
cost savings and resilience for the homeowner. With the expected
expansion of government incentive programs under the Biden
administration and the decreasing cost of energy assets, a home
microgrid has become an even more viable option for homeowners to
consider.
CleanSpark has already been offering mPulse to large and
estate-sized residential microgrids. The launch of mVoult is
expected to significantly expand the Company's reach into the
residential market and create a product that has the ability to
help benefit homes of all sizes. CleanSpark has already created and
staffed a direct-to-consumer sales division over the past 30 days
to support the Company and its partners' growth.
Zach Bradford, CleanSpark's
President and Chief Executive Officer stated, "With the massive
power-outages across the country caused by both scheduled and
unexpected utility disruptions over the President's Day weekend,
the need for this solution has never been more critical. This is
not our first foray into residential energy systems, but the focus
on revenue growth in the home microgrid solutions is expected to
make significant contributions to the Company's revenue mix. mVoult
is built upon the same foundation as our patented mPulse controls
technology which has been used in critical military and commercial
applications."
mVoult.com was launched today as an informational website with
the opportunity for homeowners to request updates and get on the
waiting list for the mVoult solution. We expect to begin taking
pre-orders for both the stand-alone controls and the fully
integrated solution in April 2021. Installations of the
solution are expected to begin summer 2021.
"We have received significant interest in home microgrids and we
are excited to offer a more affordable solution for both homeowners
and small businesses", commented Bradford. "We expect that
mVoult will open a host of new opportunities. The Company plans to
announce further strategic expansion into the home microgrid sector
over the coming weeks."
Parties interested in learning more about CleanSpark's products
and services, including mVOULT, are encouraged to inquire the
Company by contacting info@cleanspark.com or visiting the Company's
website at www.cleanspark.com.
Investors are encouraged to contact the Company
at ir@cleanspark.com or visiting the Company's website at
https://ir.cleanspark.com/
About CleanSpark:
CleanSpark, Inc., a Nevada
corporation, is in the business of providing advanced software and
controls technology solutions to solve modern energy challenges. We
have a suite of software solutions that provide end-to-end
microgrid energy modeling, energy market communications, and energy
management solutions. Our offerings consist of intelligent
energy monitoring and controls, intelligent microgrid design
software, middleware communications protocols for the energy
industry, energy system engineering, and software consulting
services.
Through its wholly owned subsidiary, ATL Data Centers LLC,
CleanSpark also owns and operates a data center that provides
customers with traditional on-site and cloud-based data center
services. The Company also owns and operates a fleet of Bitcoin
miners producing over 200 PH/s in mining capacity. Capacity is
expected to increase to over 315 PH/s in mining capacity in early
2021. CleanSpark plans to apply its energy technologies to these
divisions with a goal of mining bitcoins at the lowest energy
prices in the United States. For
more information, visit https://ATL-DATA.com
Forward-Looking Statements:
CleanSpark cautions you that statements in this press release
that are not a description of historical facts are forward-looking
statements. These statements are based on CleanSpark's current
beliefs and expectations. The inclusion of forward-looking
statements should not be regarded as a representation by CleanSpark
that any of its plans will be achieved. Actual results may differ
from those set forth in this press release due to the risk and
uncertainties inherent in the Company's business, including,
without limitation: the successful deployment of energy solutions
for residential applications or other sectors, the ability of the
Company's products to integrate with new or existing energy
management assets or systems, the fitness of the Company's energy
hardware, software and other solutions for this particular
application or market, the expectations of the Company's future
performance and future revenue growth may not be realized, ongoing
demand for the Company's software products and related services,
the impact of global pandemics (including COVID-19) on the demand
for the Company's products and services; and other risks described
in the Company's prior press releases and in its filings with the
Securities and Exchange Commission (SEC), including under the
heading "Risk Factors" in the Company's Annual Report on Form 10-K
and any subsequent filings with the SEC. You are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date hereof, and the Company undertakes no
obligation to revise or update this press release to reflect events
or circumstances after the date hereof. All forward-looking
statements are qualified in their entirety by this cautionary
statement, which is made under the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995.
Contact - Investor Relations:
CleanSpark, Inc.
Investor Relations
(801)-244-4405
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SOURCE CleanSpark, Inc.